Listed by: Westlake Associates, Inc. • Chad Michael Martini
Price cut: $1M (7/28)
$6,500,000
15700 NE Bel-Red Road, Bellevue, WA 98008
--beds
--baths
0.56Acres
Unimproved Land
Built in ----
0.56 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
15700 Bel-Red Road offers a rare chance to acquire a strategically located development site in Bellevue’s rapidly transforming Bel-Red Corridor—literally steps from Microsoft’s Overlake Campus. Approximately 24,477 square foot Flat Lot, recently upzoned to NMU (Neighborhood Mixed-Use), the property now supports mid-rise, mixed-use development up to 110 feet height limit, positioning it perfectly for a high-density multifamily project backed by exceptional demographics, robust job growth, and immediate access to major transit investments including the Overlake Light Rail Station. Existing improvements include a 6,291 SF medical/dental office building, providing an opportunity for an owner-user or interim income generation prior to redevelopment. Potential to build approximately 130 units (Buyer to Verify). First time on the market in over 30 Years.
114 days
|
95
|
2
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Zillow last checked:
Listing updated:
Listed by:
Chad Michael Martini,
Westlake Associates, Inc.,
David W Petersen,
Westlake Associates, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2511306
Facts & features
Interior
Features
Has fireplace: No
Interior area
Total structure area: 0
Property
Lot
Size: 0.56 Acres
Features: Curbs, Paved, Sidewalk, Evergreens
Topography: Level
Details
Parcel number: 0673100089
Zoning: NMU
Zoning description: Commercial,Multi-Family,See Remarks,Jurisdiction: City
Special conditions: Standard
Utilities & green energy
Electric: On Property
Gas: In Street
Sewer: Available
Water: Available, In Street, On Property
Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
Subdivision: Overlake
Location
Region: Bellevue
Financial & listing details
Annual tax amount: $17,520
Date on market: 4/21/2026
Cumulative days on market: 115 days
Listing terms: Conventional
Electric utility on property: Yes
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/28/2026
Price change
$6,500,000-13.3%
Source: NWMLS as distributed by MLS GRID #2511306Report a problem
4/22/2026
Listed for sale
$7,500,000
Source: NWMLS as distributed by MLS GRID #2511306Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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